Private Advisor Group LLC purchased a new position in Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,303 shares of the company’s stock, valued at approximately $522,000.

A number of other hedge funds have also bought and sold shares of the business. Aperio Group LLC boosted its position in shares of Coca-Cola Bottling Co. Consolidated by 3.7% during the 2nd quarter. Aperio Group LLC now owns 1,643 shares of the company’s stock valued at $376,000 after acquiring an additional 58 shares during the last quarter. UBS Group AG boosted its position in shares of Coca-Cola Bottling Co. Consolidated by 16.7% during the 1st quarter. UBS Group AG now owns 1,283 shares of the company’s stock valued at $265,000 after acquiring an additional 184 shares during the last quarter. American International Group Inc. boosted its position in shares of Coca-Cola Bottling Co. Consolidated by 7.1% during the 1st quarter. American International Group Inc. now owns 2,902 shares of the company’s stock valued at $598,000 after acquiring an additional 192 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Coca-Cola Bottling Co. Consolidated by 3.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 6,938 shares of the company’s stock valued at $1,585,000 after acquiring an additional 219 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Coca-Cola Bottling Co. Consolidated by 4.0% during the 4th quarter. Teachers Advisors LLC now owns 7,611 shares of the company’s stock valued at $1,361,000 after acquiring an additional 293 shares during the last quarter. Institutional investors and hedge funds own 37.33% of the company’s stock.

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Coca-Cola Bottling Co. Consolidated (NASDAQ COKE) opened at 208.89 on Friday. The stock’s 50 day moving average price is $216.87 and its 200-day moving average price is $213.52. The company has a market capitalization of $1.95 billion, a P/E ratio of 42.67 and a beta of 0.06. Coca-Cola Bottling Co. Consolidated has a 52-week low of $125.00 and a 52-week high of $249.54.

Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $2.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.10 by ($1.74). The firm had revenue of $1.17 billion during the quarter. Coca-Cola Bottling Co. Consolidated had a return on equity of 15.49% and a net margin of 1.23%. Analysts predict that Coca-Cola Bottling Co. Consolidated will post $8.86 earnings per share for the current fiscal year.

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Separately, BidaskClub downgraded Coca-Cola Bottling Co. Consolidated from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th.

Coca-Cola Bottling Co. Consolidated Profile

Coca-Cola Bottling Co Consolidated produces, markets and distributes nonalcoholic beverages. The Company is an independent Coca-Cola bottler in the United States. The Company’s segments include Nonalcoholic Beverages and All Other. Majority of its total bottle/can volume to retail customers consist of products of The Coca-Cola Company.

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